Green accounting:

- Green accounting is a type of accounting that attempts to factor environmental costs into the financial results of operations. 

- It has been argued that gross domestic product ignores the environment and therefore policymakers need a revised model that incorporates green accounting. 

- The major purpose of green accounting is to help businesses understand and manage the potential quid pro quo between traditional economics goals and environmental goals. 

- It also increases the important information available for analyzing policy issues, especially when those vital pieces of information are often overlooked. 

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